John K. Bell Appointed as Chair of the Board of Directors by HEXO Corp
HEXO Corp. (TSX: HEXO; NYSE: HEXO), a Canada-based leading producer of quality cannabis products, today announced the appointment of John K. Bell as Chair of the Board of Directors, effective from December 14, 2021.
HEXO is an award-winning consumer packaged goods cannabis company and a licensed producer of innovative cannabis products. It offers a range of cannabis products like peppermint oil, sub-lingual sprays, dried flowers, marijuana powder, and intimate oil.
The company serves the cannabis market worldwide and it serves the recreational market in Canada with a range of brands like HEXO, UP Cannabis, Redecan, 48North, Namaste Original Stash, Bake Sale, Trail Mix, REUP and Latitude brands.
HEXO Corp. serves the medical market in Canada, Israel and Malta, and serves the Colorado market through its Powered by HEXO® strategy and Truss CBD USA, which is its joint venture with Molson-Coors, the multi-national drink and brewing company.
HEXO is headquartered in Ottawa in Canada. With its acquisitions of Redecan and 48North, HEXO is one of the leading cannabis companies in Canada by recreational market share.
About the New Chair of the Board of Directors
Scott Cooper, President and CEO of HEXO, said that a key priority for the company was to enhance its corporate governance and that the incoming chairman John Bell was bringing a tremendous amount of experience to that requirement.
Mr. Cooper is of the opinion that the new chairman’s strong financial background and experience in the cannabis sector make him ideally suited for the position as the company moves forward with its new plan to solidify its position as Canada’s leading cannabis company.
John Bell said that HEXO had a strong foundation with unique capabilities and assets based on its recent acquisitions to accelerate growth and build market share and that he was looking forward to working with the rest of the Board and the leadership team as they strengthened their balance sheet and implemented their new strategic plan for growth.
John Bell, who has distinctions like FCA, FCPA, and ICD.D, has behind him a distinguished career managing various aspects of business, like executive management, corporate governance, financing, and M&A.
He is currently Chairman of Stack Capital, Pure Jamaican Limited and a board member of Cure Pharmaceutical. He was also a member and Chair of the Board at Canopy Growth between 2014 and 2020. Under his stewardship as Chair, the company’s market capitalization grew to $20 billion.
Mr. Bell was the founder, owner, and CEO of Shred-Tech, a global manufacturer of shredding and recycling equipment and also creator of the mobile shredding industry. After selling Shred-Tech to a public company in 1995, he became owner and CEO of Polymer Technologies Inc., a global manufacturer of auto-parts.
Later he also served as chairman and principal shareholder of BSM Technologies Inc. a fleet management Company, and CEO and director of ATS Automation which operated 23 manufacturing sites globally and over 50 engineering and service sites.
HEXO also expressed its gratitude to Dr. Michael Munzar, who is stepping down from the Board of Directors, for his dedication to the company as its chairman, and for steering the company from a start-up to the market leader that it is now.